UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 19, 2010
NeoMagic Corporation
(Exact Name of Registrant as Specified in Charter)
| | | | | |
| Delaware | | 000-22009 | | 77-0344424 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | | |
| 780 Montague Expressway, #504, San Jose, California | | 95131 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code (408) 428-9725
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers, Compensatory Arrangements of Certain Officers. |
Effective January 19, 2010, NeoMagic Corporation appointed Syed Zaidi as its President and Interim Chief Executive Officer. He succeeds Douglas Young, the previous President and Chief Executive Officer, who was terminated on January 19, 2010 and who is no longer an employee or Director of the Company.
Mr. Zaidi has been the Company’s Chief Operating Officer and a member of the Board of Directors since February 2007 and will continue to serve as a Director. Mr. Zaidi, who is 51 years old, has been with the Company since 1995. His prior positions has included serving as the Company’s Vice President of Engineering from May 2000 until February 2007.
Prior to joining NeoMagic, Mr. Zaidi worked at Sierra Semiconductor, where he was responsible for systems engineering of Multimedia products and at Raytheon where he too worked in multimedia semiconductors for high-end Graphics development. He has also worked at Advance Micro Research where he designed and developed UNIX based multi-user systems, multiple Video and Graphic ASICs for Multimedia products. The holder of various US patents, he has a Bachelor of Electrical & Electronics Engineering from Leeds University, England and a BSET from Indiana State University.
| Item 7.01 | Regulation FD Disclosure. |
On January 25, 2010, the Company is issuing a press release attached hereto as Exhibit 99.1. In accordance with General Instruction B.2 to Form 8-K, the information set forth in this Item 7.01 and in the attached press release is deemed to be “furnished” and is not deemed to be “filed” for purposes of the Exchange Act.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
99.1 Press Release, dated January 25, 2010
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | NeoMagic Corporation | |
| | (Registrant) | |
| | | | |
Date: January 25, 2010 | By: | /s/ Joseph Fitzgerald | |
| | | JOSEPH FITZGERALD | |
| | | Chair, Audit and Compensation Committees Board of Directors | |
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